Apparition has acquired all US rights to The Runaways starring Kristen Stewart and Dakota Fanning, which is set to receive its world premiere in Sundance next month.

The distributor has scheduled a March 19 release. Floria Sigismondi directed the story of the all-girl 1970s rock group fronted by Joan Jett and co-founder Cherie Currie. Michael Shannon plays the music impresario Kim Fowley who turns the girls into legends.

The film marks the first theatrical collaboration between Apparition and River Road Entertainment, who produced alongside Linson Entertainment. John Linson, Art Linson and Bill Pohlad served as producers, with Jett, Kenny Laguna and Brian Young on board as executive producers.

“Floria has crafted a beautiful story of Joan and Cherie’s tumultuous relationship on and off stage, as well as a kick ass rock ‘n’ roll journey,” Apparition’s Bob Berney said.

The Runaways was made with the same independent attitude that defined the group,” River Road’s Pohlad said.  “Kristen and Dakota really became the characters, right down to singing the vocals.  

“The authenticity of the film reflects Joan Jett’s participation in the project,” Linson added. “Her presence on the set was a great influence on the actors.